ROK Resources (CVE:ROK) Hits New 1-Year Low – What’s Next?

ROK Resources Inc. (CVE:ROK) hit a new 52-week low during trading on Friday . The company traded as low as C$0.17 and last traded at C$0.17, with a volume of 68850 shares changing hands. The stock had previously closed at C$0.17.

Wall Street Analysts Forecast Growth

ROK has been the subject of several analyst reports. Ventum Financial reduced their target price on ROK Resources from C$0.55 to C$0.45 in a report on Thursday, August 22nd. Ventum Cap Mkts raised shares of ROK Resources to a “strong-buy” rating in a research report on Thursday, August 8th.

ROK Resources Price Performance

The company has a market capitalization of C$37.13 million, a P/E ratio of -2.13 and a beta of 0.44. The stock’s fifty day simple moving average is C$0.19 and its 200-day simple moving average is C$0.23.

ROK Resources Company Profile

ROK Resources Inc operates as independent oil and gas company in Canada. The company primarily engages in production, exploration, and development of oil and natural gas in Southeast Saskatchewan. ROK Resources Inc is headquartered in Regina, Canada.